Banks used to issue their own currencies. You can see these old banknotes in the Smithsonian. ‘First National Bank of South Bumfuck will remit ten pork bellies to the bearer,’ or whatever. That had to stop because commerce became nonlocal—you needed to be able to take your money with you when you went out West, or whatever."

"But if we’re online, the whole world is local," Randy says.

Auteur: Neal Stephenson